Bitcoin fell below $ 95,000 for the first time in a week later, but the bulls managed to maintain this level. In a short period of time up to $ 98,000, BTC has difficulty exceeding $ 100,000.
Bitcoin is trying to maintain the level of $ 95 thousand
Last Monday, the crypto currency market received a hard blow due to US President Trump’s tariffs for three countries. The BTC, which fell from $ 106,000 to $ 100,000 at the weekend, declined to $ 91,000 in a few hours and went down to the lowest level of recent weeks.
Following this decline, Bitcoin rose to $ 102,000, showing a strong recovery. However, it was not permanent at $ 100,000, but rapidly withdrawn to $ 96,000. As the weekend passed calmly, the BTC had a decline tonight, but found support at $ 95,000.
Mixed movements throughout the market
The wavy movement of the BTC also caused mixed results in the Altcoin market. Although the BNB is the star of the weekend, it fell to 605 dollars by falling by 4.4 percent. ETH, XRP, DOGE and XLM, one of the major market value, are some of the Altcoins.
On the other hand, water gained more than 5.4 percent in the last 24 hours and rose to $ 3.25. Sol, TRX, LINK and Avax also experienced small rises.
Litecoin shows a strong rise and changes the balance in the market
Despite the general recession in BTC, Litecoin increased by 8.9 percent in the last 24 hours and approached $ 120. This rise was one of the most remarkable movements on the market. This sudden rise of LTC attracts the attention of investors, especially large -scale purchases are thought to be effective.
Although Litecoin is generally known as a crypto currency that usually follows the BTC’s movements, it can also experience independent rises from time to time. The main reasons for the last increase include positive signals in technical indicators and the expectation of general recovery in the market. Litecoin’s rise can continue to $ 130, according to some analysts. However, it may face strong resistance at this level and sales pressure may increase.
